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US crude oil inventories down 1.3% in week ending April 24
- Daily crude oil production rises to around 13.58 million barrels per day
01.05.2026
Oil
Oil rises 5% on blockade concerns over Iran
- Crude prices gain 5% on supply fears tied to potential maritime restrictions
30.04.2026
Oil
OPEC's share of global crude output ticks higher in 2025
- Total world crude oil production rises by 2.24 million barrels per day in 2025 to average 74.85 million bpd
29.04.2026
Oil
UAE exit raises concerns over OPEC's market influence and internal balance
- Decision ends 59-year membership, pointing to potential weakening of OPEC's influence in global oil markets
30.04.2026
Oil
Oil rises as Hormuz disruption deepens supply concerns
- Prolonged closure of Strait of Hormuz and uncertainty over US-Iran talks continue to fuel supply concerns in global oil markets
29.04.2026
Oil